Xinjiang Talimu Agriculture controlling shareholder change progresses

Xinjiang Talimu Agriculture Development Co., Ltd. (SSE:600359) announced progress on the gratuitous transfer of a 40.32% stake, representing 153,815,575 unrestricted tradable shares, from Guotou Group to Nongshen Group. This transfer, approved by the First Division State-owned Assets Supervision and Administration Commission on August 28, 2025, with a base date of December 31, 2024, will result in a change of the company's controlling shareholder.

An equity transfer agreement was signed between Nongshen Group and Guotou Group on September 4, 2025. The transaction is currently proceeding through state-owned asset supervision procedures, compliance confirmation by the Shanghai Stock Exchange, and share registration procedures with China Securities Depository and Clearing Corporation Limited Shanghai Branch.

As of the announcement date of October 15, 2025, the registration and transfer procedures for the gratuitous transfer are still underway. The company stated it will continue to monitor the progress and fulfill its information disclosure obligations.